Vinva Investment Management Ltd Grows Stock Position in ADT Inc. $ADT

Vinva Investment Management Ltd grew its stake in ADT Inc. (NYSE:ADT) by 129.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 64,124 shares of the security and automation business’s stock after buying an additional 36,208 shares during the quarter. Vinva Investment Management Ltd’s holdings in ADT were worth $543,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. GAMMA Investing LLC raised its position in ADT by 69.5% during the second quarter. GAMMA Investing LLC now owns 3,240 shares of the security and automation business’s stock valued at $27,000 after acquiring an additional 1,329 shares in the last quarter. AlphaQuest LLC grew its stake in shares of ADT by 80.9% during the 1st quarter. AlphaQuest LLC now owns 5,301 shares of the security and automation business’s stock worth $43,000 after purchasing an additional 2,370 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of ADT during the 2nd quarter worth approximately $50,000. Nomura Asset Management Co. Ltd. increased its holdings in shares of ADT by 51.2% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 6,200 shares of the security and automation business’s stock valued at $53,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Bayforest Capital Ltd purchased a new position in shares of ADT during the 1st quarter valued at approximately $74,000. Hedge funds and other institutional investors own 87.22% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Zacks Research downgraded shares of ADT from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of ADT in a research report on Tuesday. Wall Street Zen cut ADT from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Citigroup lifted their price target on ADT from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Tuesday, August 26th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $9.38.

ADT Stock Performance

NYSE:ADT opened at $8.26 on Friday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.54 and a current ratio of 0.67. The company has a fifty day moving average of $8.45 and a two-hundred day moving average of $8.47. The stock has a market capitalization of $6.77 billion, a PE ratio of 11.97 and a beta of 1.00. ADT Inc. has a fifty-two week low of $6.71 and a fifty-two week high of $8.94.

ADT (NYSE:ADT) last announced its earnings results on Friday, April 22nd. The security and automation business reported ($0.12) earnings per share (EPS) for the quarter. The company had revenue of $1.31 billion during the quarter. ADT had a net margin of 12.52% and a return on equity of 18.96%. As a group, research analysts forecast that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 11th will be issued a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 2.7%. The ex-dividend date is Thursday, December 11th. ADT’s payout ratio is presently 31.88%.

About ADT

ADT Inc provides security, interactive, and smart home solutions to residential and small business customers in the United States. It operates through two segments, Consumer and Small Business, and Solar. The company provides burglar and life safety alarms, smart security cameras, smart home automation systems, and video surveillance systems.